With declining oil prices impacting major planned projects in the GCC, Kuwait’s mega refinery project which was supposed to be awarded early this year is witnessing further delays as the bids submitted were over budget by USD 4bn. Currently,KNPC is negotiating with contractors and is mulling the re-tender of package four (storage tanks and pipelines) and package five (marine facilities).

FORECAST CAPEX Q1 2015

In this quarter's Q1 2015 CAPEX article, Shamlee Epari looks at how the fall in oil prices have affected the project landscape for this year and how the future GCC market continues to have several mega projects planned for award.

Ann-Marie Carbery Antoun will be judging for the International Business Excellence Awards 2015

Pleased to announce that Ann-Marie Carbery Antoun, our Director of Business Advisory, will be judging for the International Business Excellence Awards 2015 on May 20th and 21th 2015 at the Jumeirah Creekside Hotel.

Bahrain

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Dubai

Office 3106, Jumeirah Business Centre 3

Cluster Y, Jumeirah Lakes Towers

P.O. Box 643554, Dubai

United Arab Emirates

Tel: +971 (4) 3695520

Fax: +971 (4) 3695521

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Since our establishment in 1985, Contax Partners has been the advisor of choice for companies operating within the constantly evolving Middle East, Russia and Africa energy sector. Having operated in the energy market for over 30 years, we have a track record of empowering our clients to win business. Contax Partners is well placed to understand the challenges, and what impact these can have on your growth plans for the Middle East, Russia and Africa.